https://www.taxtmi.com/forum/issue?id=120858 Optional taxation under section 115BAA does not have to be exercised in a particular year to preserve MAT credit. A company may continue under the regular tax regime and utilise brought forward MAT credit under section 115JAA within the 15-year carry forward period. Once section 115BAA is exercised, any unutilised MAT credit on that date lapses and cannot be carried forward or set off thereafter. en-us Wed, 08 Apr 2026 16:32:04 +0530 Thu, 09 Apr 2026 20:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120858 Optional taxation under section 115BAA does not have to be exercised in a particular year to preserve MAT credit. A company may continue under the regular tax regime and utilise brought forward MAT credit under section 115JAA within the 15-year carry forward period. Once section 115BAA is exercised, any unutilised MAT credit on that date lapses and cannot be carried forward or set off thereafter. Discussion-Forum Income Tax Wed, 08 Apr 2026 16:32:04 +0530 https://www.taxtmi.com/forum/issue?id=120858